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Castorseed futures ease on profit booking

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Press Trust of India New Delhi

Castorseed prices weakened by Rs 72 to Rs 4,730 per quintal in future trade today following profit booking by traders at existing higher levels.

Marketmen said increased selling on the back of weak demand and rising stocks in physical markets, led to the fall in future price of castorseed.

For most active November month contract at the National Commodity and Derivatives Exchange, castorseed dropped by Rs 72, or 1.50% to Rs 4,730 per quintal, persisting an open interest of 15,960 lots.

Current (September) month contract too fell by Rs 12, or 0.24% to Rs 4,925 per quintal, clocking an open interest of 8,680 lots.

 

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First Published: Sep 13 2011 | 3:06 PM IST

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